Collaborative arrangements help focal firms to ________.

Question

Quizplus · Accepted Answer

Collaborative arrangements allow focal firms to work with other firms in their value chain to configure the chain more effectively. This can lead to increased efficiency and competitiveness in the market. Collaborating can help identify process improvements, reduce costs, and improve quality, among other benefits. It is also a way for firms to mitigate risks and share resources. Collaborating does not necessarily lead to monopolies, is not specifically focused on monitoring and controlling employee behavior, and may or may not help connect with domestic customers depending on the specific collaboration.

Collaborative Arrangements Help Focal Firms to ________